Policies and Regulation Archives | Be Korea-savvy

Archive by category Policies and Regulation

S. Korea Seeks to Change Dividend-linked Rules to Attract More Foreign Investment to Stock Market

S. Korea Seeks to Change Dividend-linked Rules to Attract More Foreign Investment to Stock Market

SEOUL, Nov. 28 (Korea Bizwire) — South Korea will push to change regulations in a way that would allow investors to know how much they would receive in dividends before buying stocks in a bid to attract more foreign investment in the local equity market, a senior official of the country’s top financial regulator said [...]

S. Korea to Reduce Bond Issuance of State-run Firms, Stabilize Market

S. Korea to Reduce Bond Issuance of State-run Firms, Stabilize Market

SEOUL, Nov. 28 (Korea Bizwire) — South Korea plans to reduce the issuance of bonds by state-run companies, the finance ministry said Monday, in line with the country’s efforts to stabilize the bond market hit by uncertainties. The plan was announced during an emergency meeting of economy-related ministers in Seoul earlier in the day, presided [...]

Court Rules Against Banning Child Sex Abusers from Becoming Public Officials, Soldiers

Court Rules Against Banning Child Sex Abusers from Becoming Public Officials, Soldiers

SEOUL, Nov. 24 (Korea Bizwire) — The Constitutional Court on Thursday struck down two legal clauses permanently banning people convicted of sex crimes against children from being appointed as public officials or soldiers. Under the two separate laws, people convicted for sexual offenses against minors are permanently banned from working as public servants or career [...]

600 Police Personnel to be Deployed for Crowd Control During World Cup Street Cheering

600 Police Personnel to be Deployed for Crowd Control During World Cup Street Cheering

SEOUL, Nov. 23 (Korea Bizwire) — About 600 police personnel will be deployed for crowd control in Gwanghwamun Square in central Seoul where thousands of sports fans are expected to gather for street cheering during the World Cup in Qatar, officials said Wednesday. The Seoul Metropolitan Government has permitted the Red Devils, the official supporters’ [...]

Ban on Disposable Items to be Expanded to Convenience Stores, Restaurants

Ban on Disposable Items to be Expanded to Convenience Stores, Restaurants

SEOUL, Nov. 23 (Korea Bizwire) — An environmental regulation banning plastic bags in large retail stores will be expanded to convenience stores starting this week while the use of disposable cups, cutlery and other items will be prohibited at restaurants and cafeterias, officials said Wednesday. The ban on plastic bags, currently applicable to stores with [...]

S. Korea to Build Polar Research Base in Inland Antarctica by 2030

S. Korea to Build Polar Research Base in Inland Antarctica by 2030

SEOUL, Nov. 22 (Korea Bizwire) — South Korea plans to build an Antarctic inland research station by 2030 in a move to better respond to climate change and lead global research into the little-known region, the oceans ministry said Tuesday. Under the comprehensive plan meant to promote the country’s polar activities, the government also decided [...]

Kiosks Should Offer Voice Assistance for the Disabled

Kiosks Should Offer Voice Assistance for the Disabled

SEOUL, Nov. 21 (Korea Bizwire) — From now on, setting up kiosks requires installing braille blocks and offering voice guides. The Ministry of Health and Welfare announced that is has released an advance notice of the legislative plan to amend legislation related to discrimination against disabled people. The enforcement decree stipulates that appropriate facilities should [...]